HCI Group, Inc. (NYSE:HCI) Receives $140.00 Consensus Target Price from Analysts

Shares of HCI Group, Inc. (NYSE:HCI) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $140.00.

A number of research analysts have commented on HCI shares. JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Truist Financial restated a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, December 17th. Oppenheimer increased their price objective on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Compass Point reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st.

HCI Group Price Performance

NYSE:HCI opened at $117.39 on Monday. HCI Group has a 52 week low of $81.35 and a 52 week high of $126.50. The stock’s fifty day moving average is $114.88 and its two-hundred day moving average is $102.77. The company has a market capitalization of $1.24 billion, a P/E ratio of 9.81 and a beta of 1.11. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, November 15th. HCI Group’s payout ratio is currently 13.37%.

Hedge Funds Weigh In On HCI Group

Several institutional investors have recently modified their holdings of HCI. Point72 DIFC Ltd purchased a new position in HCI Group in the second quarter valued at $26,000. GAMMA Investing LLC raised its position in HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 178 shares in the last quarter. Nisa Investment Advisors LLC raised its position in HCI Group by 49.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 300 shares in the last quarter. CWM LLC boosted its stake in shares of HCI Group by 34.2% in the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider’s stock valued at $133,000 after buying an additional 316 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of HCI Group during the second quarter worth about $201,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.